RE: FARM OUT - India or China?15 May 2026 10:11
I expect we'll get a significant update covering both the OIL & RENEWABLES, especially as the latter is moving into a tangable, 'build ready' phase, with apparently investors having been lined up across Projects for some time.
Also worth noting, AGM's are usually in MARCH-APRIL and highly doubt they'd leave one this late if they were trying to raise cash - it would have been over & done with for the 2026 drilling season start. I think we should see negotiations on the FIRM PROPOSAL already received off the draft Farm Out Agreement sent, for what it very likely is - ie A broad agreement already defined to enter into the Farm Out, with specific finer details being discussed